Global supply chain pressures easing, New York Fed index shows
By Michael S. Derby (Reuters) -The resolution of a U.S. port strike is likely to keep global supply chain pressures on a calm footing, allowing for a continued slowdown in…
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S&P 500, Dow rise on strong US jobs report; Tesla and Amazon stocks gain
The S&P 500 climbed on Friday, buoyed by a surprising jobs report that boosted investor confidence in the economy’s health. The broad index increased by 0.5%, while the Nasdaq Composite…
Investors look to earnings to support record-high stock prices
By Lewis Krauskopf NEW YORK (Reuters) – A high-stakes corporate earnings season kicks into gear next week, with bullish investors hoping results will justify increasingly rich valuations in a U.S.…
Fed’s Goolsbee: Latest jobs report “superb”; more rate cuts ahead
Investing.com — A blowout September jobs report is “superb” and more data like that could boost hopes the US economy is at full employment with low inflation, according to Chicago Federal…
Fed’s Goolsbee calls jobs report ‘superb,’ still sees rate cuts ahead
(Reuters) – Chicago Federal Reserve Bank President Austan Goolsbee on Friday called the latest job market report “superb” and said more such reports would boost his confidence the U.S. economy…
Brazil rolls out minimum tax on profits of multinational firms
SAO PAULO (Reuters) – Brazil’s government late on Thursday published an executive order that effectively rolls out a minimum 15% tax on profits of multinational corporations, a publication in the…
Private equity firm MBK, Young Poong raise Korea Zinc tender offer to $1.88 billion
By Heekyong Yang and Joyce Lee SEOUL (Reuters) -Private equity firm MBK Partners and Young Poong on Friday raised their tender offer price for shares in Korea Zinc to match…
US jobs report could firm or upend Fed “base case” of quarter-point cuts
By Howard Schneider WASHINGTON (Reuters) – In U.S. Federal Reserve officials’ latest projections and recent public commentary, the overall economy is seen remaining in solid shape but the job market…
Rivian lowers annual production forecast due to parts shortage
(Reuters) -Rivian said on Friday it slashed its full-year production forecast and delivered fewer vehicles in the third quarter than analysts had expected, as the startup grapples with a parts…
Futures steady before key payrolls data as investors weigh Middle East risks
(Reuters) – U.S. stock index futures were tepid on Friday as investors refrained from making significant bets ahead of crucial payrolls data and watched for any escalation in geopolitical tensions…